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- The American Recovery and Reinvestment Act of 2009 (ARRA), also known as the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 20091. The purpose of the act was to stimulate the economy by preserving jobs and creating new ones2. The act included programs targeted to education, infrastructure, healthcare, and more2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L. 111–5 (text) (PDF)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.en.wikipedia.org/wiki/American_Recovery_and_Rei…The American Recovery and Reinvestment Act (ARRA) was an economic stimulus package created in the wake of the 2008 Great Recession. The purpose of the act was to stimulate the economy by preserving jobs and creating new ones. The act included programs targeted to education, infrastructure, healthcare, and more.www.investopedia.com/terms/a/american-recovery …
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The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L.Tooltip Public Law (United States) 111–5 (text) (PDF)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in … See more
Both the House and the Senate versions of the bills were primarily written by Democratic congressional committee leaders and their … See more
ARRA included a protectionist 'Buy American' provision, which imposed a general requirement that any public building or public … See more
Economists such as Martin Feldstein, Daron Acemoğlu, National Economic Council director Larry Summers, and Nobel Memorial … See more
A May 21, 2009, article in The Washington Post stated, "To build support for the stimulus package, President Obama vowed … See more
Section 3 of ARRA listed the basic intent behind crafting the law. This Statement of Purpose included the following:
1. To preserve and create jobs and promote economic … See moreThe CBO estimated ARRA would positively impact GDP and employment. It projected an increase in the GDP of between 1.4 percent and 3.8 percent by the end of 2009, … See more
The Congressional Budget Office reported in October 2009 the reasons for the changes in the 2008 and 2009 deficits, which were approximately $460 billion and $1.41 trillion, … See more
Wikipedia text under CC-BY-SA license WebJan 28, 2009 · United States. American Recovery and Reinvestment Act (ARRA), legislation, enacted by the U.S. Congress and signed into law by Pres. Barack Obama in 2009, that was designed to stimulate the U.S. …
WebFebruary 22, 2017. 5 min read. Transportation. Program. Brookings Metro. Eight years ago, during the worst recession since the Great Depression, Congress passed and President Obama signed the...
WebJun 25, 2023 · ARRA was a fiscal stimulus bill passed by the U.S. Congress in 2009 to ease the Great Recession of 2008. It included $787 billion in spending on infrastructure, healthcare, education, and tax relief. It was …
WebFeb 17, 2009 · Source: Wikipedia. The American Recovery and Reinvestment Act of 2009 ( ARRA) (Pub.L. 111–5), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. …
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